Company Registration No. 03731906 (England and Wales)
ETERNITY JEWELLERY LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2016
Richard Anthony
Chartered Accountants
ETERNITY JEWELLERY LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
ETERNITY JEWELLERY LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 JUNE 2016
30 June 2016
- 1 -
2016
2015
as restated
Notes
£
£
£
£
Fixed assets
Tangible assets
2
3,921
2,974
Investments
2
15,051
515,051
18,972
518,824
Current assets
Stocks
598,000
636,000
Debtors
967,332
1,050,416
Cash at bank and in hand
835,462
572,372
2,400,794
2,258,788
Creditors: amounts falling due within one year
(1,002,358)
(1,209,352)
Net current assets
1,398,436
465,042
Total assets less current liabilities
1,417,408
983,866
Creditors: amounts falling due after more than one year
(11,450)
(11,450)
1,405,958
972,416
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
1,405,858
972,316
Shareholders' funds
1,405,958
972,316
ETERNITY JEWELLERY LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
30 JUNE 2016
30 June 2016
- 2 -
For the financial year ended 30 June 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 28 March 2017
N D Kay Esq.
Director
Company Registration No. 03731906
ETERNITY JEWELLERY LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2016
- 3 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment
25% written down value
1.5
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
ETERNITY JEWELLERY LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2016
- 4 -
2
Fixed assets
Tangible assets
Investments
Total
£
£
£
Cost
At 1 July 2015
18,032
15,051
33,083
Additions
2,255
-
2,255
At 30 June 2016
20,287
15,051
35,338
Depreciation
At 1 July 2015
15,059
-
15,059
Charge for the year
1,307
-
1,307
At 30 June 2016
16,366
-
16,366
Net book value
At 30 June 2016
3,921
15,051
18,972
At 30 June 2015
2,974
15,051
18,025
Holdings of more than 20%
The company holds more than 20% of the share capital of the following companies:
Company
Country of registration or
Shares held
incorporation
Class
%
Subsidiary undertakings
Hatton Jewels Ltd
England & Wales
Ordinary
100.00
Eternity Range Ltd
England & Wales
Ordinary
50.00
The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:
Capital and reserves
Profit/(loss) for the year
2016
2016
Principal activity
£
£
Hatton Jewels Ltd
Jewellers
115,505
11,404
Eternity Range Ltd
Jewellers
175,083
(32,108)
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary of £1 each
100
100